Look around at blogs and news sites around the real estate side of the Internet and you'll see there's a lot of buzz about hitting the bottom in the condo market in various regions of the country.
J.P. Morgan Chase economist James Glassman argues in a new report linked from the Wall Street Journal's Real Time Economics blog that "most of the necessary decline in home prices has already occurred. 'Given the present trends in income and house prices, real estate excesses of the past five years will have vanished by spring 2008'" he says. Read more at http://realtytimes.com/rtpages/20080305_condotrends.htm
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